The Internet of Things can open
you up to cyber-attacks; stop them
with proper security practices
Do Your IoT Devices Risk a
Io T security breaches seem to affect businesses regularly with the proliferation of hackers stealing data. According to a report from the Ponemon Insititute, a data privacy and security research
organization, 94% of responding risk management pro-
fessionals believe that an Io T security incident in their
“It can be unclear who is responsible for security decisions in
a world in which one company may design a device, another supplies component software, another operates the network in which
the device is embedded and another deploys the device,” notes
the Department of Homeland Security (DHS). Additionally, DHS
cites a lack of comprehensive standards for security and little
incentive for developers to adequately secure products.
Without the proper security measures in place, hackers can
probe into organizations’ networks, and whole Io T suites can be
at risk – either by design or by accident. Coupled with the rise
of hacktivism opening up buildings to possible system failures,
facilities are at risk of greater damage or disruption. Are your Io T
devices secure enough?
Exposure to a Breach
The pessimism exhibited in the Ponemon Institute’s survey is
not simply paranoia about breaches that might ultimately never
come. The fact of the matter is that a considerable number of
organizations using Io T devices for the day-to-day operations of
their facilities are already open to a cyber-attack.
According to strategy consulting firm Altman Vilandrie &
Company, 48% of firms surveyed have experienced an Io T security
breach at least once. The consequences of these security failures
can be critical. For smaller companies, these breaches can cost
over 13% of the total revenue; in larger companies, losses can
reach tens of millions of dollars.
However, these security breaches are avoidable. Companies
that hadn’t suffered an Io T security failure have invested 65%
more on Io T security than firms that have been breached.
organization could be catastrophic.
For FMs, it might be easy to disregard this information
because these attacks are more commonly associated with financial security breaches. However, as building systems become
more interconnected, the chances that any given Io T security
attack might affect building systems increases.
The number of Io T devices used by organizations is expected
to double in two years, according to the Ponemon Institute,
and the subsequent security shortfall can compromise all Io T
devices in a facility.
HVAC SYSTEMS ARE AT
RISK to experience failure or disruption due to a
security breach because
of the number of HVAC
Io T devices. If a cyber-attack affected HVAC
during extreme temperatures, work delays or
damage to the building
could have considerable